There is vast untapped potential in the country’s 534,000 sq km of sedimentary basins.
The large but long-stalled $12 billion West Nile Delta subsea project in Egypt’s Mediterranean deep waters is to be fully revived.
The country is offering 15 blocks, including 11 offshore.
Details of the bidding battle to win the full contract for one of the most prized offshore projects up for grabs next year are starting to emerge.
The West African country is making available seven blocks offshore to potential investors.
The contract is for a firm charter period of 15 years with five yearly extension options exercisable by the client.
Mozambique regulators have added an additional three months to the initial deadline of 20 January for its Fifth Licensing Round due to high interest and requests for more time from exploration companies.
Bids are due in next month for Mozambique’s latest licensing round, with applications to then be evaluated over the course of the following two months.
Production sharing contracts for two deepwater blocks offshore Trinidad & Tobago have been signed by a consortium of BHP Billiton and BG Group.
A rare note of disappointment has emerged from Africa’s east coast where Ophir Energy confirmed one small gas find and a duster.
Chevron Corp. has reached an agreement to acquire a 30% nonoperated working interest in blocks C8, C12 and C13 offshore Mauritania from Kosmos Energy.
The agreement still awaits formal approval by the Tanzanian authorities and the formal signing of agreement by all partners.
The contract gives TOG exclusive rights to explore for hydrocarbons onshore blocks Saloum and Senegal Onshore Sud for the next eight years, according to a news release.
Without a letter of nonobjection from authorities, the Didon transaction has been reversed and the Zarat permit agreement has been terminated.
Eni has made a new discovery of oil and gas in the West Melehia deep exploration prospect.
The plunge in crude prices has curbed oil and gas explorers’ plans for drilling in Namibia next year.
First oil is expected in 2017, first gas in 2018 and the peak production will be 80,000 boe/d in 2019.
Total has completed the flare-out of the Ofon Field on Oil Mining Lease (OML) 102 offshore Nigeria, a news release said.
Eni has started production from Nené Marine Field, offshore Congo, just eight months after obtaining the production permit.
The company has contracted the Transocean Sedco Express to expedite the timing of production tie-in from the Oyo-7 and Oyo-8 development wells.
Total's deep export production treatment hub (DEPTH) program focuses on deepwater gas and has a number of elements that include an all-electric production system.
Australia's Sunbird Energy expected to make final decisions for South Africa.
Nigeria’s state oil company operates an “unsustainable model” and should refund a minimum $1.48 billion to the government, a PricewaterhouseCoopers LLP audit recommends.
Cohen Guidry has been appointed regional manager, West Africa, for InterMoor, the company said in a news release.
PASA is expecting to receive revised environmental management programs from Falcon and Bundu at the end of February.
Swala Oil & Gas Tanzania Plc will push ahead with drilling plans in the East African Rift system this year, undeterred by the recent collapse in oil prices.
Following successful first oil in November 2014 and completion of the 72-hour continuous production test in early December 2014, PRN goes into effect retroactively to Nov. 28, 2014.